28 Apr 2015
EUR/USD in 3-week highs near 1.0950
FXStreet (Edinburgh) - The buying interest remains intact around the European currency during the first half of the week, pushing EUR/USD to session tops near 1.0950.
EUR/USD up from 1.0500
Spot continues its recovery from April lows in the boundaries of the 1.0500 key support, with recent peaks near 1.1030 already in the crosshairs. The optimism following yesterday’s reshuffle of the Greek negotiating team continues to fuel the current upbeat momentum in the risk-associated universe.
Next on tap in the pair will be US S&P/Case-Shiller index ahead of the Consumer Confidence. Prior surveys expect the housing index to have risen at an annual pace of 4.7% during February and the confidence gauge to have bettered to 102.5 in April.
EUR/USD levels to consider
At the moment the pair is advancing 0.48% at 1.0945 with the next resistance at 1.0955 (high Apr.7) ahead of 1.1036 (high Apr.6) and finally 1.1062 (high Mar.18). On the downside, a breach of 1.0860 (low Apr.28) would target 1.0819 (low Apr.27) en route to 1.0789 (low Apr.24).
EUR/USD up from 1.0500
Spot continues its recovery from April lows in the boundaries of the 1.0500 key support, with recent peaks near 1.1030 already in the crosshairs. The optimism following yesterday’s reshuffle of the Greek negotiating team continues to fuel the current upbeat momentum in the risk-associated universe.
Next on tap in the pair will be US S&P/Case-Shiller index ahead of the Consumer Confidence. Prior surveys expect the housing index to have risen at an annual pace of 4.7% during February and the confidence gauge to have bettered to 102.5 in April.
EUR/USD levels to consider
At the moment the pair is advancing 0.48% at 1.0945 with the next resistance at 1.0955 (high Apr.7) ahead of 1.1036 (high Apr.6) and finally 1.1062 (high Mar.18). On the downside, a breach of 1.0860 (low Apr.28) would target 1.0819 (low Apr.27) en route to 1.0789 (low Apr.24).